RBI Reports Strong Growth in Non-Food Bank Credit for March 2026
Non-food bank credit rose by 15.9% year-on-year in March 2026, up from 10.9% in the same period last year. RBI data confirms broad-based expansion across services, industry, and agriculture. Sectoral Deployment of Bank Credit – March 2026 Data on sectoral deployment of bank credit for the month of March 2026, collected from 41 select scheduled commercial banks (SCBs) which together account for about 95 per cent of the total non-food credit by all SCBs 1.
Data from 41 scheduled commercial banks indicates a sharp increase in credit demand compared to 2025. The services sector recorded the highest growth at 19%, largely propelled by NBFCs, trade, and commercial real estate. Industrial credit rose by 15%, showing resilience in infrastructure, engineering, and metal production. Additionally, credit to agriculture grew by 15.7%, while personal loans saw a 16.2% rise, fueled by vehicle and gold-backed lending.
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